TTM Technologies Inc (TTMI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 56,299 | -18,718 | 94,583 | 54,414 | -16,386 |
| Total assets | US$ in thousands | 3,472,490 | 3,323,660 | 3,323,600 | 3,025,550 | 2,895,940 |
| ROA | 1.62% | -0.56% | 2.85% | 1.80% | -0.57% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $56,299K ÷ $3,472,490K
= 1.62%
The Return on Assets (ROA) for TTM Technologies Inc has shown fluctuations over the past five years. In December 2020, the ROA was negative at -0.57%. However, the company improved its performance in the following years, with ROA increasing to 1.80% in December 2021, 2.85% in December 2022, and 1.62% in December 2024. Notably, there was a slight decline in ROA to -0.56% in December 2023.
Overall, TTM Technologies Inc has demonstrated an ability to generate returns from its assets, with positive ROA in most years, indicating efficiency in asset utilization and profitability. The fluctuations in ROA suggest that the company may have experienced varying levels of success in managing its assets and generating earnings during the period under review. Additional analysis and comparison with industry peers could provide further insights into TTM Technologies Inc's operational performance and financial health.
Peer comparison
Dec 31, 2024